{"id":5616,"date":"2010-12-17T06:29:42","date_gmt":"2010-12-17T14:29:42","guid":{"rendered":"https:\/\/gmatclub.com\/blog\/?p=5616"},"modified":"2010-12-20T06:30:47","modified_gmt":"2010-12-20T14:30:47","slug":"mba-hiring-on-the-rise-on-wall-street","status":"publish","type":"post","link":"https:\/\/gmatclub.com\/blog\/mba-hiring-on-the-rise-on-wall-street\/","title":{"rendered":"MBA Hiring on the Rise on Wall Street"},"content":{"rendered":"<p>Banks and brokerages on Wall Street have increased their MBA hiring, reports a <a href=\"https:\/\/www.fins.com\/Finance\/Articles\/SB129174754774664037\/Wall-Street-Steps-up-MBA-Hiring?Type=0&amp;link=FINS_hp_article_photo\" target=\"_blank\">Fins.com article<\/a> from last week.<\/p>\n<p>Maryellen Reilly Lamb, senior associate director of MBA career management of Wharton, explains, \"Two years ago, I couldn't get a bank to take our calls, last year they were taking them and this year, they're calling us. That speaks a lot to the cautious optimism of Wall Street at the moment.\"<\/p>\n<p>In 2008, about 59% of companies in all industries hired MBAs. In 2009 that number dropped to 50%, and this year, that number is likely to bounce back up to 55%.<\/p>\n<p>Also trending back up are signing deals and salaries, which increased 3.2% this year to $89,200.<\/p>\n<p>More recent statistics:<\/p>\n<ul>\n<li><a href=\"https:\/\/www.accepted.com\/mba\/Wharton.aspx\">Wharton<\/a> saw a 20% increase this year over last in the number of students offered summer banking internships.<\/li>\n<li><a href=\"https:\/\/www.accepted.com\/mba\/NYUStern.aspx\">NYU Stern<\/a> hosted 10% more recruiting events this fall for full-time and summer banking positions.<\/li>\n<li><a href=\"https:\/\/www.accepted.com\/mba\/Columbia.aspx\">Columbia Business School<\/a> recorded a 45% increase in full-time job postings.<\/li>\n<li><a href=\"https:\/\/www.accepted.com\/mba\/HarvardHBS.aspx\">Harvard Business Schoo<\/a>l, which as of last week had not published their totals, expects \"a flurry of offer letters for MBA candidates approaching graduation.\"<\/li>\n<li>JPMorgan and Credit Suisse plan to visit more schools and increase their hiring this year. Credit Suisse has already hired about 10% more people than it did last year.<\/li>\n<\/ul>\n<p>How have the hiring changes affected MBA students and graduates? For one, explains the Fins article, candidates are showing more devotion to their chosen industry; fewer students are undecided in their career paths by the time they graduate. They are also not taking for granted what few job opportunities come their way.<\/p>\n<p><em><a href=\"https:\/\/www.accepted.com\/MBA\/Default.aspx?utm_campaign=MBAContent&amp;utm_medium=Blog&amp;utm_source=BlogVisitors&amp;utm_content=MBAIcon\" target=\"_blank\"><span class=\"full-image-block ssNonEditable\"><span><img decoding=\"async\" src=\"https:\/\/profile.ak.fbcdn.net\/object3\/947\/54\/s8255073883_9880.jpg?__SQUARESPACE_CACHEVERSIO&lt;\/p\" alt=\"\" \/><\/span><\/span><\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Banks and brokerages on Wall Street have increased their MBA hiring, reports a Fins.com article from last week. Maryellen Reilly Lamb, senior associate director of MBA career management of Wharton,&#8230;<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,4,6],"tags":[132,49,180,39,66,36],"class_list":["post-5616","post","type-post","status-publish","format-standard","hentry","category-mba","category-career-reviews","category-current-events","tag-columbia","tag-harvard-hbs","tag-job-search","tag-mba-admissions","tag-nyu-stern","tag-wharton","entry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/posts\/5616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/comments?post=5616"}],"version-history":[{"count":2,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/posts\/5616\/revisions"}],"predecessor-version":[{"id":5618,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/posts\/5616\/revisions\/5618"}],"wp:attachment":[{"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/media?parent=5616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/categories?post=5616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gmatclub.com\/blog\/wp-json\/wp\/v2\/tags?post=5616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}